Day: November 21, 2023
EURUSD, “Euro vs US Dollar” EURUSD quotes on H4 and the RSI are in their respective overbought areas. In this situation, a test of +2/8 (1.0986) is expected, followed by a rebound from it and a price decline to the support level of 8/8 (1.0742). The scenario can be cancelled by rising above the resistance […]
EURUSD, “Euro vs US Dollar” EURUSD has broken the upper boundary of the consolidation range, offering the market an extension of the wave to 1.0928. Next, a link of decline to 1.0893 is not excluded, followed by a rise to 1.0960. After the price reaches this level, a decline wave to 1.0823 could start. GBPUSD, […]
Crude Rallying on USD Weakness Crude oil is starting the week in a healthier fashion with the crude futures extending the gains seen on Friday through early trading today. The main driver behind the move is the continued weakness we’re seeing in the US Dollar. With the greenback under heavy selling pressure as traders move […]
TitleUS30USD H4 | Bearish reversal off pivot? TypeBearish Reversal Preference: Price could retrace back to our pivot point at 35060.9, which is a multi-swing high resistance level. Price could fall to the 1st support at 34306.3, which is a pullback support level, aligning with the 61.8% fibo retracement. Alternative scenario: If price breaks above the […]
